Bitcoin ‘Misery Index’ Flashes Highest Since Mid-2016; Crash Coming?

While bitcoin hovers near its highest price in months, you may not have noticed a big move in Fundstrat Global Advisors’ Bitcoin Misery Index. Fundstrat head and perma-bull Thomas Lee tweeted the news on April 11: The Bitcoin Misery Index reached 89 on 4/2. Highest reading since June 2016. Means good and bad. Good–> Since 2011, BMI >67 only seen during $ BTC bull markets. More evidence bull starting. Bad –> BMI >67 after peak, $ BTC falls ~25% = Profit taking ST.#bitcoinmiseryindex pic.twitter.com/X55q2ypiCA — Thomas Lee (@fundstrat) April 11, 2019 Key Indicator Flashes Warning Sign for Bitcoin’s Price The index, known

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Bitcoin Rally Coming: Crypto Bear Market Ended in Jan 2018, Says Analyst

On Friday, economist and global markets analyst Alex Krüger ‏said that the crypto bear market has been over for more than three months and if bitcoin breaks out of the $ 4,200 resistance level, it will mark the end of the 15-month bear trend. “The crypto bear market has been over for three months now. BTC breaking above 4200 will mark the end of the bear trend that started in January 2018. Going to miss this big fellow,” Krüger said. Throughout the past three months, the bitcoin price has remained in a relatively tight range between $ 3,400 to $ 4,000. For most

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Newsflash: Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming

In the past several hours, the bitcoin price slipped below the $ 4,000 mark from $ 4,035 to $ 3,934, recording a 1 percent drop against the U.S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $ 3,000 region and reach $ 4,000, the sudden drop in the price of bitcoin below the $ 4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency. However, as bitcoin fell, many alternative cryptocurrencies and major crypto assets, which have continuously demonstrated fairly large gains against bitcoin in recent weeks, maintained their value fairly well,

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Short the Dow for 2019’s Coming Recession, Says Top Hedge Fund

The Dow Jones is set for an epic collapse, plunging the US into a recession as early as this year, according to Crescat Capital. The hedge fund, which consistently outperforms the market, is loading up on short positions on global stocks and shifting assets into gold in anticipation of a stock market meltdown. It comes less than a day after Nobel Prize winner Robert Shiller said a recession is likely in the next 18 months. The bears are circling, and the stock market is on thin ice. As CCN recently reported, US stocks are highly over-priced and due for a

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